Jellyverse Introduces New DeFi Ecosystem on Sei
Jellyverse, a DeFi platform, has unveiled its complete ecosystem, introducing the decentralized exchange (DEX) JellySwap as the official representative of Balancer on the Sei (SEI) blockchain, according to the most recent updates shared with Finbold on June 10.
The platform, driven by the community, includes a variety of innovative DeFi tools such as the JellySwap DEX, JellyStake staking solution, and a synthetics protocol known as jAssets.
Revolutionizing portfolio diversification with DeFi
Jellyverse aims to transform portfolio diversification through its DeFi 3.0 integration, led by jAssets.
Portfolio diversification with DeFi
Among the newly introduced protocols, JellySwap is a Balancer-friendly fork, featuring WeightedPools that support up to eight different tokens and composable stable pools that allow users to customize investment ratios with up to five tokens per pool.
Furthermore, the jAssets synthetics protocol enables the creation of tokens that mirror the price feeds of real-world assets, ranging from stocks to commodities.
Creating connections between DeFi and real-world assets
Santiago Sabater, Co-Founder at Jelly Labs AG, emphasized the platform’s aim of fostering growth by linking DeFi with real-world assets:
“Our mission is to redefine DeFi by connecting it with real-world assets, ensuring strong and sustainable growth regardless of market fluctuations. With the capabilities of JellySwap combined with jAssets, Jellyverse is poised to establish a new industry standard for enhanced portfolio diversification within the crypto realm.”
Tritium, Balancer Maxi and Head of DevOps, echoed Sabater’s sentiments, highlighting the necessity for new on-chain technology solutions:
“With limited resources for exploring cross-chain expansion, Balancer decided to entertain friendly fork proposals as an alternative method of expanding our technology in the rapidly expanding chain-verse. The Jellyverse team was proactive, and with our mutual connections with the SEI Foundation, they are set to be the pioneers in this cycle to launch a friendly fork.”
Jellyverse’s inaugural Pool Party event
To commemorate the launch, Jellyverse is hosting its first Pool Party event, unveiling its Jelly Tokens (JLY).
Starting on June 11 at 12 PM UTC and running for 96 hours, or until the tokens are sold out, participants can acquire JLY using SEI tokens.
These SEI tokens will then be combined with additional JLY to establish the initial pool liquidity.
